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mina [271]
1 year ago
7

Bob returns goods bought on credit from Tariq, which ledger a/c entries record this in Tariq's book?

Business
2 answers:
Elza [17]1 year ago
7 0

Answer:

<u>D. Purchase returns Bob</u>

Explanation:

  • Purchase refers to payment by credit
  • So, it is either B or D
  • D sounds like the more sensible option
omeli [17]1 year ago
3 0

C. Sales return, Bob

\begin{tabular}{|c|c|c|c|} \cline{1-4} \cline{1-4} \multicolumn{2}{|c|}{\sf  Debit } & \multicolumn{2}{c|}{\sf  Credit} \\ \cline{1-4} \multicolumn{2}{|c|}{\sf Bob } & \multicolumn{2}{c|}{\sf  sales returns} \\ \cline{1-4} \multicolumn{2}{|c|}{\sf Bob } & \multicolumn{2}{c|}{\sf purchase  returns} \\  \cline{1-4} \multicolumn{2}{|c|}{ \sf  Sales returns } & \multicolumn{2}{c|}{Bob} \\ \cline{1-4} \multicolumn{2}{|c|}{Purchase returns} & \multicolumn{2}{c|}{Bob} \\\cline{1-4} \end{tabular}

Breakdown of what's happening:

Credit means borrowing goods and will return them later. Here Credit: <u>Bob
</u>as he borrowed goods from Tariq and returning them.

<u>When comes to sales return and purchase return</u>. Recall,

purchase return: credited

sales return: debited

Hence, <u>debit - sales return</u>, <u>credit - Bob</u>. option C is correct.

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